When entering the business world it is important that you are aware of the different business agreements that are needed in order to run your company. You don’t have to be a legal expert, however, you do need to have a basic understanding of how the law works in relation to your business. A lot of jurisdictions around the …

It’s been 67 years since George Orwell painted a dystopian version of England in his novel “1984” about a UK Government entity known as Big Brother who was always looking over your shoulder, peering into what you were doing, watching, and thinking. Many feared this was coming to the life in the UK in the form of the Investigatory Powers …

A merger (also known as consolidation) is a process by which two companies join and create an altogether new company. Much like a marriage, a merging businesses is a sizeable undertaking in which both parties have to put a lot at stake. There is a lot you need to know and keep an eye on if you’re looking to sell …

When launching your startup, you’ll quickly learn some of the most valuable assets to your business comes in the form of freelancers. Ranging from design, copywriting, marketing, data entry, admin, web development, you name it – freelancers are an increasingly growing group of professionals. It’s hardly any wonder that more and more entrepreneurs and companies are relying on services provided …

Starting a company and making it successful depends on a number of different factors. From the quality of the idea, through the execution of the project and finding the right people, there are numerous matters you need to consider at the different stages. However, one factor is going to be constantly on your mind and its presence is absolutely crucial …

One of the most useful practices any startup owner or entrepreneur can adopt is to attend as many relevant networking events as possible. The value you can get from such events is enormous. Communicating with like minded, motivated and active people can take your game to another level. Most networking is free and you might get some free drinks on …

Hello Friday – it’s time for Linkibuzz 28! The word is ‘provocative’ and we’ve found four posts to prod your entrepreneurial mindsets this week. From setting the crosshairs on big bank revenues to learning some incredible ways in which nature has inspired innovations in technology…there’s something for everyone! Our blog is here for one purpose: to bring to light specific …

Legal tech startups are not as common as other types of startups but that doesn’t mean it isn’t an exciting time to be involved with the legal sector – well, professionally of course. That’s because, long gone are the days where a focus in law only grants access to a courtroom or a classroom. The options are now endless, and …

As another week comes to an end, there’s more than a few bright ideas to look forward to in the coming months and years. Here are a few posts we’ve come across recently which should give that new startup dream of yours a boost: Hewlett Packard Enterprise: Think Of Us As A Startup In a similar move to Google’s recent …

Banks Incubators: I once asked an entrepreneur friend, Heather, what superpower she’d choose if she could pick anything. Her response, “To have 26 hours in a day, so I could get these grants done.” I laughed immediately. Wouldn’t you just ask for the power to do them instantly? “Nah,” she said, “I just need a couple more hours – …

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“I don’t want to spend an arm and a leg to get this done.”– Luke, Founder and CEO of Happy Clouds LTD

Luke is founder and CEO of Happy Clouds LTD, a cloud service provider for companies of all sizes. He started this business by himself but shortly after took on a co-founder, Lucy. Luke and Lucy have been working together for a year but have yet to set up a shareholders’ agreement.

They have been bootstrapping Happy Clouds’ growth and so have spent the bare minimum. A year on, the business is generating revenue and as the client base grows, Luke and Lucy need to ensure that their business foundations and customers contracts are bulletproof.

Luke and Lucy are fast-paced – they don’t have time to spend explaining their business model to lawyers, they want someone who can quickly understand what they want and run with it. They also don’t want to spend an arm and a leg to get this done.

Luke and Lucy come to Linkilaw. After getting their initial terms of business set out, they realise they also will need another 3 to 4 contracts in the next 12 months.

PRO MEMBERSHIP

Contracts (drafted by specialist lawyers)

4 contracts

Drafts allowed per contract

3 drafts

Bonus legal advice

Digital only

Priority of service

Over non-members

Speed of contract turnaround

7 working days

Annual business review conference call

Included

£2,500/year or £235/month

“We are scaling up but we want to make sure we get everything updated and in place too.”– Liam, Co-Founder of WineToGo

Liam is the co-founder of WineToGo. His business sources wine from a large network of wine producers and helps their customers select the best wines for their taste to get delivered to their homes. He founded his business with 3 co-founders (Lance, Lily and Larry) and has a shareholders’ agreement in place. The four of them met at university and decided to build their marketplace.

Lance and Larry are passionate about wine and have a background of oenology. Lily is a developer; she built the first platform and collaborated with Liam on business-related matters. They all work in a small office in North London.

After 1.5 years in business, WineToGo features a first selection of 20 UK wine providers and developed its activity in London. However, the business requires funding to expand to the UK (especially Manchester and Birmingham).

Liam and his co-founders are looking towards the future and are happy to get legal advice. They have a focus on investment but also want to explore the possibility of needing future contracts. They plan on having more team members in the near future (business development consultants to prospect wine producers and developers). Liam and his co-founders want to know what to expect and they should have in place for their growing company.

PRO MEMBERSHIP FOR

Contracts (drafted by specialist lawyers)

5 contracts

Drafts allowed per contract

4 drafts

Type of communication

Digital + calls + in-person meetings

Priority of service

Over non-members and digital members

Speed of contract turnaround

5 working days

Annual business review conference call

Included

Bonus legal advice

Unlimited

£7,500/year or £650/month

“My businesses are successful and I want legal services in the long term” – Lynn, Founder of ConsciousDressToImpress.com.

Lynn is a serial entrepreneur who has founded 6 businesses and successfully exited 3 of them. Her sixth and last business is a sustainable fashion brand that retails exclusively online on her website, ConsciousDressToImpress.com.

Lynn is currently generating a stable £4 million a year of revenue and makes between £750,000 and £950,000 of net profit yearly. She really loves being able to bring sustainability and awareness to one of the most polluting and wasteful industries on the market, and now wants to stop building businesses to just focus on this one.

Unlike her previous businesses, Lynn does not want to sell. She wants to stay managing director for the foreseeable future, as ConsciousDressToImpress grants her a job she loves and stable, high income.

Lynn has used Linkilaw previously in her other businesses and loved the work they did for her. It was made easy, accessible, and affordable. She loves being a Linkilaw member because she feels the Linkilaw team is focused on the long-term and on maintaining an honest, professional and friendly relationship with her and her business. Amelie, her dedicated legal point of contact is also a fan of sustainable fashion and loves wearing ConsciousDressToImpress.

PRO MEMBERSHIP

Contracts (drafted by specialist lawyers)

6 contracts

Drafts allowed per contract

3 drafts

Type of communication

Digital + calls

Priority of service

Over non-members and digital members

Speed of contract turnaround

5 working days

Annual business review conference call

Included

Bonus legal advice

30 minutes per contract

£9,000/year or £800/month

“I want a check-up on my contracts and make sure everything is in place.”– Logan, Founder of InvestMap App

Logan created the InvestMap App 5 years ago with one of his long-term colleagues, Lauren. InvestMap is the tool for people who never invested and want to start. Via the app, the consumer learns about how to make wise and long-term beneficial choices; is invited to invest at the right time, and gets updated on the next gold mine.

Logan and Lauren already have a few consultants and their app has been adopted increasingly that it’s now difficult for them to manage their activity with their original team. They now want to implement more structure into InvestMap in order to get more staff and be able to get to the next level.

Logan comes to Linkilaw and expects to review the first contracts that have been drafted when he started his business and get more for his new coming employees. He is very keen on ticking boxes and making sure that InvestMap is secure as it goes on.

It’s been 8 years since Leah created Move.In, selling kits for students moving to another city (including cutlery, first food, sanitary and emergency essentials). Leah started on her own the business but hired 41 employees during these couple of years. She has now 30 employees and operated over the United Kingdom, Germany and France.

With long-term partner contracts who feed her a stable stream of leads, Move.In has established itself as a leader in the market and currently generates over £3 million of yearly revenue. Its growth is also steady (5-10% a month).

Leah is looking for a legal advisor who will take on the role of in-house legal counsel, but without working full-time. She wants to work with someone who knows and understands her business and proposes the most commercially minded decisions. She doesn’t have the budget for full-time legal counsel, but would nevertheless like to have a lawyer she can reach whenever she wants.

Leah was looking for someone who had expertise in both commercial contracts – ensuring she created real win-win situations in her partnerships – and employment – managing employee onboarding documents such as offer letters, employment and option agreements, staff handbook. Leah now works with a dedicated Linkilaw lawyer and is delighted that she is able to work with a senior lawyer at a rate that is significantly under her budget.

PRO MEMBERSHIP

Contracts (drafted by specialist lawyers)

9 contracts

Drafts allowed per contract

2 drafts

Type of communication

Digital + calls + meetings

Priority of service

Over non-members and digital members

Speed of contract turnaround

7 working days

Annual business review conference call

Included

Bonus legal advice

1 hour per contract

£12,800/year or £1,200/month

“I want to get legal work sorted with a moderate budget.”– Lara, App developer

Lara is an app developer who created custom mobile applications for startups. She often works from her clients’ offices to get immediate feedback on her work. When she’s not working from a client’s office, she works from a co-working space or from a local cafe. Her accountant recently told her she should create a business entity for tax and liability purposes.

Lara’s business is already taking off, so she has a moderate budget to spend on getting her legal work sorted. She knows she wants to incorporate her business, write her own terms of business to use with clients (instead of just accepting the terms they provide her with), and make sure her new website has the documents it needs, but she’s not confident in her legal knowledge. She wants access to legal advice for all the small questions that pop-up day-to-day.

Lara loves working with Linkilaw because her dedicated legal point of contact, Gillian, is knowledgeable, responsive and friendly. She likes that Gillian knows and understands her business and long-term goals. The legal solutions Lara receives from Linkilaw are not only accurate, but they are also commercially-minded and thoroughly thought through.

Lara is grateful to have been introduced to Linkilaw by a friend and she now recommends the Linkilaw membership to her clients.

PRO MEMBERSHIP

Contracts (drafted by specialist lawyers)

3 contracts

Drafts allowed per contract

5 drafts

Type of communication

Digital + calls

Priority of service

Over non-members and digital members

Speed of contract turnaround

7 working days

Annual business review conference call

Included

Bonus legal advice

Unlimited

£4,000/year or £350/month

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